Upward Pressure Still Dominates the Higher Time Frames. Yes, we have a chance locally for a brief dip on the NEXT Daily (24h) Candle. However, it's very likely upward pressure will resume after a potential upcoming dip.
If you have never watched my video publications or only a couple of them, it would behoove you to watch THIS publication. I have provided VALUABLE information in this video publication. I'm NOT saying this to brag. I'm simply telling you this for a purpose. What purpose would that be? "One can make a living working hard on their job. One can make a fortune...
Maybe this would provide more clarification on WHY I'm contending we are highly likely to continue with a bull trend to last week of May or first week of June.
This is not the best video I've done but I still manage to get my point across I think. I wanted to do it over but I need to get to work. So, I decided to just post this video insted. BOTTOM LINE: We are still in limbo locally in the lower time frames. If we see a drop down, I do not see a significant move down. If you decide to go margin long now, don't be...
I will post the cover chart again below for easier reading of the text bubble and include the body of the text inside the text bubble in these comments. We are looking at $8,456.31 by April 29, 2020 -OR- $9,230.66 by May 2, 2020. Then we see consolidation resulting in one of four scenarios: POSSIBLE SCENARIOS: 1) We see a PRICE correction back down from...
Upward Pressure still dominates according to the 3-Day, 4-Day and 5-Day Time Frames. Yes, we may have little dips on the way up. However, Upward Pressure is the TREND till the last week of May or first week of June, 2020.
The 2-Day, 3-Day, 4-Day, 5-Day and 6-Day Time Frames are the most "telling" time frames for LINKUSD. However, this does not mean we ignore the 9-Day, 12-Day and higher time frames to get an idea if a trend we are seeing in the lower time frames will continue or reverse. LINKUSD pair is quite a bit more INVOLVED when interpretating what the indicators are telling...
As pointed out in this video; I believe you margin traders have a better chance of increased gains by waiting to go long at or near the bottom of a dip rather then going short when you think it's going to fall. WHY? Because upward pressure DOMINATES in the 2-Day, 3-Day, 4-Day and 6-Day Time Frames.
This is likely to trickle upward until the White Energy crosses above the 50 percent level in the 16-Day TF on or around May 8, 2020.
Reminding you once again upward pressure DOMINATES the 24h, 2-Day, 3-Day and 4-Day time frames. If you are thinking about shorting, you stand a high probability of getting squeezed.
As pointed out in previous ADAUSD publication, we are still on track to run up to $0.105 at a minimum in my opinion. The main purpose of this publication was to point out how important the Red RSI is in this 4-Day Time Frame. If the Red RSI can CLOSE at or above 56 percent on this CURRENT 4-Day Candle, we can expect upward pressure to continue for quite a while...
More charts will be posted periodically of different time frames to show comparisons of PRESENT DAY with 4th Quarter, 2015.
Unfortunately, I'm limited to 20 minutes with video publications. So, I explained what I could while I could in the 20 minutes allotted to me. Watch this video multiple times to grasp the knowledge provided. Doing so can make you a better analyst and trader. Thanks for taking the time to watch this video! Thank you loyal followers for your continued support...
The previous dip (in my honest opinion) was your last chance to accumulate Bitcoin at a cheaper price than what it's about to be over the next several weeks to the last week of May or first week of June, 2020. We have a new 16-Day Candle that just began today; indicating an early signal for an exponential rise in the price action to commence once the White Energy...
As pointed out in the video; we are still experiencing downward pressure in the 12h and 24 hour time frame and lower time frames. We cannot be CONVINCED we are going to have a REVERSAL to upward pressure for a decent period of time UNTIL we have the White Energy in a higher time frame (such as the 2-Day TF) CLOSE above 50% WITH the Red RSI also CLOSING above 50%....
Sure, it's still possible for reversal to SUSTAINED upward pressure potentially beginning the last 12 hour candle today or the first 12 hour candle tomorrow (Tuesday - UTC LONDON Time). In order for that to occur, we have to see a fairly good push up in the 6h time frame to get the White Energy in the 6h to cross above 50 percent before the Red RSI in the 12 hour...
Just as I mentioned in the previous 12 minute video publication; upward pressure is highly likely to resume after this current dip. It's my opinion this is your LAST CHANCE to accumulate before we see a Bull Run begin in similar fashion to the Bull Run of 4th Quarter 2015. If you MANAGE your POTENTIAL loss with a stop loss (if I'm wrong), you have little to lose...
...First 12h Candle on Tuesday." Meaning, downward pressure is continuing till the last 12h Candle on Monday or the first 12h Candle on Tuesday. I also believe this current downward pressure will only result in a dip no lower than the BASIS of the Bollinger Bands in the 6h and 12h time frames. I do not believe the price action will drop down to the Lower...